Soros Says Oil Firms Should Disclose Payments, La Tribune Says

March 7 (Bloomberg) -- George Soros urged the European
Union to adopt rules that would require oil and mining companies
to disclose payments made to governments, La Tribune reported.

Soros, in an interview with the French business daily, said
transparency on the payments is essential to make sure the
revenue from natural resources benefits a country’s population
and not just its leaders. Existing international measures
seeking voluntary disclosure are too weak, he told the paper.

It’s urgent that the European Union and Canada adopt
legislation similar to provisions of the Dodd-Frank law in the
U.S., which requires oil and mining companies listed on the New
York Stock Exchange to publish information on payments to
governments, Soros told La Tribune.